Cardano Looking Forward To Its 1st Anniversary, Is It Living Up To Expectations? - Cardano (ADA) News. Tuesday, September 25
Cardano Looking Forward To Its 1st Anniversary, Is It Living Up To Expectations?
On September 29, Cardano will be celebrating its first anniversary since it launched its MainNet. The co-founder, Charles Hoskinson, has been keen to remind users about the celebrations as he tours Japan. He is currently in Japan where on top of making some partnership deals, he’ll be celebrating the anniversary. Through the time of Cardano’s existence, the market has undergone a lot. We have seen cryptocurrencies hit their all-time highs and drop to their all-time lows. Some cryptocurrencies did not even survive the bloodbath and are long dead, and some are just clinging on for their lives.
So, before Charles Hoskinson and his team can take out the cake and balloons, we thought we should look back and see if Cardano really does have anything to celebrate about.
Price And Market Cap
Cardano was trading at around $0.02 in October of last year with a market cap of $600 million. Since its launch, the market cap has shot up to reach over $1.9 billion. During the all-time highs witnessed early in the year, the coin had a market cap of well over $33 billion. This achievement is fairly significant. When it comes to price, the price has gone up and then down. After starting out at $0.02 the price at the beginning of 2018 shot to its all-time high of $1.22. This was followed by a decline, triggered by bitcoin’s bearish market and for the last couple of months it has been trading around $0.2 to $0.1. in recent weeks the price has fallen even further and is trading around $0.08.
Partnerships And Updates
Over the months, the project has announced different partnership projects spanning from Tech giant, Google, to major rival Tron. In the recent video shared by the co-founder, he talks about the partnership with Emurgo, a Japanese incubator for businesses focused on blockchain technology. According to Hoskinson, the incubator will be making a surprise release for Cardano on its anniversary date.
The project has undergone several updates as it tries to remain relevant and competitive in the market. Recent updates have been aimed at improving security, speed, and scalability.
Cardano was built to be a third generation blockchain. It aims to be faster, more secure and cheaper than older blockchains like Ethereum and Bitcoin.
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